A big development of affordable homes in San Jose has landed the financing it needs to launch construction as soon as this month.
SAN JOSE — A big development of affordable homes has landed the financing it needs to launch construction as soon as this month at a site next to a train station near downtown San Jose.
Along with the housing, the project will include 30,000 square feet of ground-floor commercial space that will be dedicated to an onsite daycare center, according to project developers Core Cos. and Republic Urban. The developers brought Citibank on board as the primary construction lender for the housing.
This means a four-person household that earns $54,390 to $108,780 in yearly income would be eligible for the Tamien Station housing.
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